353 Woodland Dr Boone, NC 28607

10-Unit 2 Story Brick Apartment Complex walking distance to ASU campus. Lease execution dates for the 2012-2013 School year were complete by the end of February 2011. Performing asset with the income stream already in place until 2013 semester. The location has a long history of 100% occupancy. New roof installed October 2010. Owner has installed new keyless deadbolts on all units and the on site laundry room. Owner has completed upgrades in many of the kitchens, bathrooms, and vinyl plank floorcoverings. Under the Town's ordinance it is very difficult to get approvals if you can find the land to build multi-family; therefore making already existing units in higher demand. Brick construction eliminates the exterior maintenance of painting. Decks are concrete and steel. The early lease up secures a more prudent desirable student tenant profile.